TITLE

ACQUISITION RETURNS, INCREASE IN FIRM SIZE, AND CHIEF EXECUTIVE OFFICER COMPENSATION: THE MODERATING ROLE OF MONITORING

AUTHOR(S)
Wright, Peter; Kroll, Mark; Elenkov, Detelin
PUB. DATE
June 2002
SOURCE
Academy of Management Journal;Jun2002, Vol. 45 Issue 3, p599
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Our theoretical argument is that the effect of acquisition-related factors on CEO compensation is contingent upon the intensity of monitoring activities. In firms with vigilant monitors, returns will explain changes in CEO compensation. In firms with passive monitors, increased corporate size due to an acquisition will explain compensation changes. We found support for our hypotheses in a sample of 171 acquisitions over the 1993-98 time period.
ACCESSION #
6876806

 

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